AABP EP Awards 728x90

Real Estate and Development

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Grubb & Ellis explores options for merger, sale

Grubb & Ellis Co. said in a regulatory filing that it has hired investment bank JMP Securities LLC to help the company consider strategic alternatives, including a sale or merger, Bloomberg reported.

The Santa Ana, …

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Report: Global construction to outpace GDP

Global construction will outpace the world’s economic growth over the next decade, according to a report released in March by Global Construction Perspectives Ltd. and Oxford Economics Ltd. Advisory firm PricewaterhouseCoopers sponsored the Global Construction …

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Dealers association to build in Johnston

Iowa-Nebraska Equipment Dealers Association Inc. has acquired a 3.3-acre site in Johnston and plans to construct a 4,500-square-foot office building. Andrew Goodman, the trade association’s president, said construction is expected to begin on June 1 …

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Signed Lease Transactions (Week of March 23)

Mad Hat Ballroom has leased 2,520 square feet of retail space in Governor Square, 2700 University Ave. in West Des Moines. The tenant represented itself. The landlord, Governor Square LLC was represented by Jan Berg …

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Sales and prices of existing homes dropped last month

Sales of previously owned homes dropped more than forecast in February, and the median purchase price declined to the lowest point since February 2002, Bloomberg reported after the release of a report from the National …

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Bob Knapp sentencing set for June 10

Developer Bob Knapp, who hoped to turn downtown’s Equitable Building into luxury condominiums and commercial spaces, will be sentenced June 10 in U.S. District Court in Des Moines after pleading guilty to conspiring to violate …

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Property for sale


Bob Darr is walking in the best and worst of a real estate agent’s world.

Darr works for Peoples Co. Of late, he has been shepherding potential buyers through a listing of 38 houses and …

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Sixth Avenue development group reports progress in 2010

A swath of Des Moines running along Sixth Avenue from Interstate 235 north to the Des Moines River did not have a single commercial vacancy at the end of 2010.
    Instead, the area celebrated …

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Construction materials prices keep climbing

For the fifth consecutive month, prices for construction materials increased in February, rising 1.1 percent, according to Wednesday’s Producer Price Index report by the Department of Labor. Year-over-year, construction material prices are up 6.1 percent. …

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Dunkin’ Donuts to offer flexible design concepts to Iowa franchisees

The parent company of Dunkin’ Donuts and Baskin-Robbins said Tuesday that it is looking for franchisees to open restaurants in Iowa.

“Dunkin’ Donuts is looking for qualified candidates with food service, operations and real estate …